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I watched Netflix – Money Explained last night. The first episode is about scam – ponzi, pyramid, get rich program and pump-and-dump. Traders are too familiar with pump-and-dump. Scammers rumor a stock that will go multi-bagger, get everyone buy into it, they exit and letting investors holding the baby. Scammer is a strong word. It […]
The parallel of Bitcoin, Dogecoin and Elon Musk. For the past week, my focus is on 2 sets of numbers, covid cases in community and crypto.
The crypto sector has been weak for a couple of weeks, imploded mid-week and rebounded strongly day after. It seemed worst is over.
I have no positions in BTC. I care because companies who have BTC in their balance sheets are supposed to hedge against risk; and yet it became the risk ironically.